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Metropolitan DC Local Politics
Reply to "New real estate assessment rates are released from State of Maryland"
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[quote=Anonymous]Keep in mind that Maryland taxes are supposed to equal 100% of market value but each property is only assessed once every three years. If your assessment goes up, the increase is phased in over the next three years. If your assessment goes up 20%, then the phased in assessment will only increase 6-7% per year in the next 3 years. Still above inflation but probably below market if the full market value equals 100% of your market value now. [/quote]
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